As someone who reads a few different forums, I love listening to the liberal Dan ***

Whether he is whining about steel workers who may have not had the opportunity to be college professors.

OR

He starts topics and then keeps responding to them.

Now he is talking about Las Vegas real estate and has pictures posted of a home on a golf course that he works at.

HEY CADDYSHACK, DON'T YOU HAVE SOME GREASY GRIMEY GOPHER GUTS TO BLOW UP

I wish you people would leave the poor goof alone, I mean put yourself in his shoes. I have never seen someone be such a failure in their whole life as this poor sap of a loser. I can give you just a few things he has failed at not the whole list I don't have enough time for that . Failed at baseball couldn't make it, failed as horse trainer after they started testing for M99, failed as a son taking his poor mothers lottery money, failed as a husband letting his wife and her family support him, failed as a father even disowning one of his daughters, and the list goes on, and believe it or not he has a brother who is even worse! I really hope this helps you to understand why the goof is so bitter and full of hate.

McLock, you will probably enjoy these facts that Danny was kind enough to give us. At age 56 he has a 565K house and he put down 150K, so his wife has a note for 415K with a mortgage company, at the time she purchased that would have been a jumbo loan carring a slightly higher interest rate. So lets say she got a rate of 6.250% fixed rate for 30 yrs, that would give her a payment of 2,555 per month plus taxes and insurance, got to be at least 500 a month for that, making her payment at least 3055 per month. So what we have is a 56 yr old man who's only got a 25% equity position in a house that is declining in value, that's all the Claiming King has to show for all those big scores, a $3000 mortgage payment that his wife works her ass off to pay. Of course he isn't going anywhere, would you? And Danny, when you read this and I know you will, please don't respond with my payment is lower than that and I know nothing, if your payment is lower than what I put, then your did an adjustable rate mortgage or an interest only mortgage, and now I know for a fact your are a fool. Those types of loans are part of the problem which is causing housing prices to drop, and your wife's house value will drop, don't kid yourself. Not to worry Danny your not alone, I'll be writting down my own inventories, as will millions of others, the bubble has burst Danny, wake up and smell the coffee. Danny, please don't post some lame response, think before you post, I'm not proclaiming myself to be any sort of expert on this topic, I just know much more than you when it comes to money and real estate, but then again my teenagers probably know more about money if all you have to show for 56 yrs is that house your wife is paying for. One thing I will give you, "The Claiming King" title, that you are, you claim to be everything you are NOT! Now shove your rotundra where the sun doesn't shine. Needle sorry to ramble on your thread.

McLock, you will probably enjoy these facts that Danny was kind enough to give us. At age 56 he has a 565K house and he put down 150K, so his wife has a note for 415K with a mortgage company, at the time she purchased that would have been a jumbo loan carring a slightly higher interest rate. So lets say she got a rate of 6.250% fixed rate for 30 yrs, that would give her a payment of 2,555 per month plus taxes and insurance, got to be at least 500 a month for that, making her payment at least 3055 per month. So what we have is a 56 yr old man who's only got a 25% equity position in a house that is declining in value, that's all the Claiming King has to show for all those big scores, a $3000 mortgage payment that his wife works her ass off to pay. Of course he isn't going anywhere, would you? And Danny, when you read this and I know you will, please don't respond with my payment is lower than that and I know nothing, if your payment is lower than what I put, then your did an adjustable rate mortgage or an interest only mortgage, and now I know for a fact your are a fool. Those types of loans are part of the problem which is causing housing prices to drop, and your wife's house value will drop, don't kid yourself. Not to worry Danny your not alone, I'll be writting down my own inventories, as will millions of others, the bubble has burst Danny, wake up and smell the coffee. Danny, please don't post some lame response, think before you post, I'm not proclaiming myself to be any sort of expert on this topic, I just know much more than you when it comes to money and real estate, but then again my teenagers probably know more about money if all you have to show for 56 yrs is that house your wife is paying for. One thing I will give you, "The Claiming King" title, that you are, you claim to be everything you are NOT! Now shove your rotundra where the sun doesn't shine. Needle sorry to ramble on your thread.

Recent Article also mentioned that the troubled Las Vegas real estate market and in particular good oldDanny Boy's Summerlin development has a huge foreclosure rate rate now. Mentioned that approx. 15-20% of homes in his development are empty and in foreclosure.

Once these homes are owned by the banks and dumped for whatever they can get the comparables usedfor appraisal purposes will destroy the "non-foreclosed" home values in the same neighborhood foryears to come. It's a vicious cycle because when the house next door is bought for 150K less thanDanny's, guess what that does to the value of DN's home? Tiiiiiiimmmmmbbbbeeerrrrrrrrrr--look out below.

I'm sure DN will give some smart ass comment back about this but I can back this up with facts. I would love to see DN show some comparable sales of the SAME house as his in his SAME development over the past 6 monthsif he disagrees with my statements.

It's actually a GREAT times to BUY in Las Vegas due to the fire sale going on buy I'd hate to be a homeowner therenow with my house on the market.

That's why I'm happy in my $900K yuppie condo in Chicago Danny--remember your bashing of it in the past?You would NOT be able to sell your house for what you paid for it now if you tried.

I wish you people would leave the poor goof alone, I mean put yourself in his shoes. I have never seen someone be such a failure in their whole life as this poor sap of a loser. I can give you just a few things he has failed at not the whole list I don't have enough time for that . Failed at baseball couldn't make it, failed as horse trainer after they started testing for M99, failed as a son taking his poor mothers lottery money, failed as a husband letting his wife and her family support him, failed as a father even disowning one of his daughters, and the list goes on, and believe it or not he has a brother who is even worse! I really hope this helps you to understand why the goof is so bitter and full of hate.

Dont forget long time ago. Hall of fame trainer and good life gambler wrote to BTW he looses about $5000 a year from his betting. To get show tickets and buffet coupons comps. some one hasto pay for that dillusion of success too.

Recent Article also mentioned that the troubled Las Vegas real estate market and in particular good oldDanny Boy's Summerlin development has a huge foreclosure rate rate now. Mentioned that approx. 15-20% of homes in his development are empty and in foreclosure.

Once these homes are owned by the banks and dumped for whatever they can get the comparables usedfor appraisal purposes will destroy the "non-foreclosed" home values in the same neighborhood foryears to come. It's a vicious cycle because when the house next door is bought for 150K less thanDanny's, guess what that does to the value of DN's home? Tiiiiiiimmmmmbbbbeeerrrrrrrrrr--look out below.

I'm sure DN will give some smart ass comment back about this but I can back this up with facts. I would love to see DN show some comparable sales of the SAME house as his in his SAME development over the past 6 monthsif he disagrees with my statements.

It's actually a GREAT times to BUY in Las Vegas due to the fire sale going on buy I'd hate to be a homeowner therenow with my house on the market.

That's why I'm happy in my $900K yuppie condo in Chicago Danny--remember your bashing of it in the past?You would NOT be able to sell your house for what you paid for it now if you tried.

Let's all hope and pray that his hard working wife can continue to make the payments.We know he isn't helping.Unless its an unemployment check.

I am wondering what the moderator/owner of this forum's position is on deleting posts. There are so many that have nothing to do with this forum - other than name calling someone that used to be in the business. Why can't you delete these posts or open up another forum subject where they can be posted - please don't turn this forum into a ***. My opinion - I hope I am not in the minority on this subject.

I am wondering what the moderator/owner of this forum's position is on deleting posts. There are so many that have nothing to do with this forum - other than name calling someone that used to be in the business. Why can't you delete these posts or open up another forum subject where they can be posted - please don't turn this forum into a ***. My opinion - I hope I am not in the minority on this subject.

Dan *** is legitamate harness subject. hes a hall of fame trainer and expert commenter of every thing. Just ask him.

IMHO Janine only delets posts with to much swear words or racial/ethnic slurs or attacks on family or very filthy sex posts. The freedomw of speech there proud of at horseshitter. Kind of posts Dan and Joe and TC thought thay need to defend themselfs because there to dumb to do it with out swearing.

Trotter, seen a special on Trump's new place in Chicago, looks great and sales there have remained steady. Are you familiar with that project? The lobby is amazing, limestone walls, looks great.

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I'm very familiar with it. Trump is very lucky the development has been "pre-sold"(buyers signed contracts and put down 10-15% deposit over the past 1.5 years) and willnot be delivering the units for about another 18 months. By that time the real estate market should be strong again.

I looked at possibly buying there when they first opened up but decided to pass for 5 main reasons:

1) Trump was asking $1000/sq. foot. Comparable units in the area (I'm talking kick ass high rise buildings with BEAUTIFUL units) were $375-$500/sq. foot.As an example, Trump wanted 1,000,000 for a 1,000 sq. foot unit condo that wouldbe $500,000 in a comparable high rise in a better location 1 mile away and on the lake.He tried to bring New York prices to Chicago and has sold it initially but I feel MANY ofhis contracts will not close when the buyers attempt to get financing 1 year from nowdue to appraised value issues, etc.

2) The actual location of this building is NOT prime. It's not on the lake and not in the "Gold Coast" area. Certainly it's a nice location but not the most desireable in the Cityby any means. It's where the old "Chicago Sun-Times newspaper" building was.

3) Trump has a reputation for "killing" contracts after the development is underway and he gets the construction financing in place. This is EXACTLY what he did--evento his own business associates who signed contracts. He told them they were cancelled and they could still buy the units if they paid thousands more.

4) He was requiring a total of 15% earnest money 3 years prior to the units being delivered. No developer in the City has ever done that. Usually it's 5% and more recently 10%. I'm not tying up $150,000 for 3 years in a development whenI could be buying horses instead!

5) During the 1st year of delivery (late 2008, early 2009) 50% of the units in the buildingwill be for resale at the SAME time by investors who got in early and not need to "flip" the units and get their money out. THAT is the time to buy since REALITY will set in for theseinvestors. I guarantee you that many will be delighted to break even and just get their money back. With so many units on the market (resale) at the same time it will be a buyers market for those who want into the building. I'm not one of them, however.The original hoopla was similar (although on a MUCH bigger scale) to the anticipationof the Apple I-phone. See what happened after it came out for a few months?33% price cut and nobody hardly even talking about it anymore.

It will be a beautiful building in the City, Trump will cut the ribbon at a grand ceremony,Bill Rancic (the 1st apprentice) will be there with Mayor Daley, etc. but it will just be another nice looking building in the City--NO Way is it worth 1000 per sq. foot.

Also, wait until the people who bought the "hotel/condominiums" to rent out find out about the REAL $$ they will receive for a nights stay in their unit. After the 1st several months of the "new" factor I would be shocked if the "hotel" room rates are more than $125-$150 per night.

The sale literature talks about them receiving $275-$300/night to rent out their rooms. That is ridiculous. People are paying (supposedly) $650,000 for a "hotel/condominium" unitof 600 sq. feet and these are a dime a dozen in Chicago in much better locations.

Trotter, thanks for the coverage of the Trump project, 1000 a sq ft is insane, not sure too many places in NYC fetch that kind of money. As a devolper Trump never is the follower, he always leads and does things his way, the deposit policy may have been more to satify the bankers and investors. Recently had AC casinos on the market and could not get a reasonable offer, stock took a beating. As far as hotels, I know you can stay at the Hyatt downtown for about 150 a night, just don't bring a car to park, $45, ooch.